From the
Department of Trade and Industry
The first Practice Note for the YES initiative was released via Government Gazette 41975 of 12 October 2018.
Elaborated issues in the Practice Note include:
- E.S. Measured Entities needs to Registered and Monitored by the Y.E.S Non-Profit Company in order to be awarded any B-BBEE Recognition
- Public and Specialized Entities – No Sub-minimum requirements needed
- Sector Specific Entities Sub Minimums calculated according to relevant Sector
- Maintenance of previous B-BBEE Status Level with possible exceptions with justifiable evidence
- First year absorption targets excluded from verification
- Prescription for “Fall-outs”
- Not a Learnership, Internship or Apprenticeship
- Skills Development Claim up to 50%
- Size of enterprise requirements
- EME’s & 51% plus Black ownership QSE’s to be verified
- B-BBEE recognition for jobs created
- Registration Procedures
- Sub-minimum Calculations
- Calculation of Y.E.S. Targets
- Verification requirements for Y.E.S. Initiative
Email:
Download the Gazetted Practice Note here
(This post is connected to another article: YES – An opportunity to improve your BEE Scorecard)
